COLB vs. SMH

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia Banking System, Inc. (COLB) and VanEck Semiconductor ETF (SMH).

SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.

Performance

COLB vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Banking System, Inc. (COLB) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

COLB vs. SMH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COLB Columbia Banking System, Inc.	1.12%	9.36%	8.05%	-5.86%	-4.26%	-6.24%	-8.16%	15.54%	-14.36%	-0.65%
SMH VanEck Semiconductor ETF	8.84%	49.17%	39.10%	73.38%	-33.53%	42.13%	55.53%	64.45%	-9.05%	38.48%

Returns By Period

In the year-to-date period, COLB achieves a 1.12% return, which is significantly lower than SMH's 8.84% return. Over the past 10 years, COLB has underperformed SMH with an annualized return of 3.43%, while SMH has yielded a comparatively higher 31.58% annualized return.

COLB

• 1D: 1.79%
• 1M: -3.86%
• YTD: 1.12%
• 6M: 10.31%
• 1Y: 19.05%
• 3Y*: 16.17%
• 5Y*: -3.56%
• 10Y*: 3.43%

SMH

• 1D: 2.24%
• 1M: -3.55%
• YTD: 8.84%
• 6M: 17.83%
• 1Y: 85.04%
• 3Y*: 44.53%
• 5Y*: 26.15%
• 10Y*: 31.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

COLB vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COLB

COLB Risk / Return Rank: 58
COLB Sharpe Ratio Rank: 60
COLB Sortino Ratio Rank: 53
COLB Omega Ratio Rank: 54
COLB Calmar Ratio Rank: 62
COLB Martin Ratio Rank: 64

SMH

SMH Risk / Return Rank: 95
SMH Sharpe Ratio Rank: 94
SMH Sortino Ratio Rank: 93
SMH Omega Ratio Rank: 92
SMH Calmar Ratio Rank: 97
SMH Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COLB vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Banking System, Inc. (COLB) and VanEck Semiconductor ETF (SMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	COLB	SMH	Difference
Sharpe ratio Return per unit of total volatility	0.54	2.32	-1.78
Sortino ratio Return per unit of downside risk	0.94	2.92	-1.98
Omega ratio Gain probability vs. loss probability	1.13	1.41	-0.28
Calmar ratio Return relative to maximum drawdown	0.99	5.39	-4.40
Martin ratio Return relative to average drawdown	2.51	19.22	-16.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COLB vs. SMH - Sharpe Ratio Comparison

The current COLB Sharpe Ratio is 0.54, which is lower than the SMH Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of COLB and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	COLB	SMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	2.32	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.76	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.98	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.28	-0.11

Correlation

The correlation between COLB and SMH is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

COLB vs. SMH - Dividend Comparison

COLB's dividend yield for the trailing twelve months is around 5.23%, more than SMH's 0.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLB Columbia Banking System, Inc.	5.23%	5.19%	5.33%	5.17%	3.98%	3.48%	3.12%	2.75%	2.76%	2.03%	3.42%	3.57%
SMH VanEck Semiconductor ETF	0.28%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%

Drawdowns

COLB vs. SMH - Drawdown Comparison

The maximum COLB drawdown since its inception was -85.93%, roughly equal to the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for COLB and SMH.

Drawdown Indicators

	COLB	SMH	Difference
Max Drawdown Largest peak-to-trough decline	-85.93%	-84.96%	-0.97%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	-15.95%	-2.43%
Max Drawdown (5Y) Largest decline over 5 years	-55.69%	-45.30%	-10.39%
Max Drawdown (10Y) Largest decline over 10 years	-60.80%	-45.30%	-15.50%
Current Drawdown Current decline from peak	-28.61%	-8.02%	-20.59%
Average Drawdown Average peak-to-trough decline	-27.57%	-41.35%	+13.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.22%	4.47%	+2.75%

Volatility

COLB vs. SMH - Volatility Comparison

The current volatility for Columbia Banking System, Inc. (COLB) is 6.95%, while VanEck Semiconductor ETF (SMH) has a volatility of 11.74%. This indicates that COLB experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COLB	SMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	11.74%	-4.79%
Volatility (6M) Calculated over the trailing 6-month period	21.83%	24.02%	-2.19%
Volatility (1Y) Calculated over the trailing 1-year period	35.59%	36.88%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.23%	34.68%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.01%	32.29%	+5.72%